Video: Gov. Deval Patrick's Fiscal Action Plan
On Wednesday, October 15, 2008, faced with an estimated budget deficit
of $1.4 billion, Governor Deval Patrick started implementing a fiscal
action plan to close the gap that includes more than $1 billion in
immediate cuts and spending controls across state government,
identifying additional revenues and a responsible draw on reserves. The
announcement comes as the Administration has revised the state's
revenue estimate, on which the budget is built, by approximately $1.1
billion.